Following a strong defense at the $3,040 mark by the bears, Ethereum’s price has started to experience a downward correction movement. This decline has sparked concerns in the market as the price dropped below $2,960. The hourly chart of the ETH/USD pair reveals the formation of a downtrend line with resistance at $2,965. Thus, Ethereum’s near-term performance will likely rely on its ability to overcome these resistance levels. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.